Arena XT Platform

Is the BSE developed brokerage platform dedicated to intermediaries. The platform makes available all the facilities needed by a brokerage company to operate on the capital market: order management system, client portfolio management, risk management modules for the spot and the derivatives markets, online trading facility for clients.

Arena XT is mainly based on the technology and architecture of ARENA-AUTOMATED EXCHANGE PLATFORM to which there were added functional modules related to the brokerage activity.Arena XT transfers to end-users the safety, performance and reliability of ARENA, parameters obtained this time on hardware and software infrastructure, which positions it as efficient on the related services market.

10 advantages for investors

1. Accessibility

The system is accessed via Internet, using a computer equipped with Windows operating system, on which it is installed an application with low memory requirements. ClickOnce deployment technology allows minimum interactions for installing and updating. The client connects to the intermediary’s Arena XT system based on the access data supplied by the broker.

2. Configuration

Each client/user can customize its own Arena XT terminal working environment by positioning the working windows and panels. All reports have columns which can be formatted in terms of size, visibility, display order or information sorting. The selection is facilitated by the use of filters, which can be edited by the user or can be selected from scrolling lists. The graphic profile obtained in this manner can be saved and used when reconnecting next time.

3. Real time market watch

The user of Arena XT Terminal benefits of systems for real time market watch monitoring, where can be displayed the best bid and the best ask, variations, closing prices, total traded value etc (level 1 data), as well as of market depth monitoring systems (all price levels). The “market watch” window consolidates symbols of different type of instruments (shares, derivatives, bonds, etc). In this way, the user can group its symbols using his own desired criteria.

4. Order operations

The type of orders for Arena XT are the specific ones available for each market. For example, in the BSE present system, are available limit, market, if touched, stop, FOK, GTD, Day, etc. orders.

5. Portfolio

The “portfolio” function offers a consolidated display over the cash and instrument positions for each type of account managed by the current user. The portfolio is real time evaluated by the market price and the profit or the loss realized or to be realized are highlighted.

6. Activity monitoring

The client has the facility to monitor all the instructions executed on his account, through a detailed instrument of orders and trades display and of monitoring management operation on account level.

7. Technical analysis

The technical analysis module gives users the possibility to design investment strategies based on the trading information and on specific indicators for this type of instrument.

8. News aggregator

The application contains a news channel integrator (RSS reader), through which can be seen the most market news-issuers reports, financial statements, press releases of the stock exchange- or published by news agencies.

9. Safety

The safety of the platform and the communication between the terminal and Arena XT platform, in terms of authentication, filtering, access monitoring, traffic coding is ensured at the best financial practices level.

10. Performance

The execution speed for instructions and orders is ensured by implementing ARENA-AUTOMATED EXCHANGE PLATFORM technology in the online trading platform.

10 advantages for brokers

1. Harmonization to the market architecture

The market architecture is an ongoing changing process: type of accounts, risk management mechanisms, new financial instruments. Arena XT offers to intermediaries the fastest way to accommodate those changes.

2. Online trading solution

The intermediary can offer its clients access to market data, portfolio monitoring, account history, own orders management, through a total solution, with Internet based access to a trading system.

3. Virtual Trading Floor

For intermediaries which operates branches and agencies, Arena XT is the key solution to unitarily integrate the data flows, the access control of traders to different accounts, the differentiation of traders’ role etc.

4. Multi-engines/multi-assets solution

The platform can connect and operate simultaneously with multiple trading systems and can accommodate multiple financial instruments.

5. OMS Adaptability to the type of accounts

Arena XT manages clients’ orders on the brokerage company’s house account, as well as with their execution accounts in different trading systems. An order execution is monitored since initiated till the trade settlement, no matter the type of account used (individual, global, mix).

6. Risk-management

Order management operations are validated in a dedicated module, according to the cash or instruments account reserves and to the margin call. The margin account can be customized at client level, and the margin calls are monitored, captured and sent to the client.

Scalability: Scalable architecture from 2-3 users to hundreds of users

Exchange Access Point Manager (XAP)

Allows connectivity to multiple trading systems. Processes real-time data feed (market data) and order execution and integrates them in Arena XT. Through a high level of interoperability and extensibility, can be added various data sources and consolidated in Arena XT.

COMM Server

Enables communication between Arena XT Core and ARENA trading terminals. It can also ensure integrability with external systems through API or WS.

Business Services

Covers special functionalities of orders management modules, position management as well as risk management.

Interface for administration and configuration of the application can be accessed only by users with appropriate rigths. Allows configuration of application parameters and running of some specific tasks (settlement, generating margin calls).

Software as a Service (SaaS) is a distribution model in which the software is hosted by the supplier, being usually accessible to the client through application-specific interfaces. Access to application is based on a monthly / yearly subscription. Saas is the model for the future, providing increased reliability through controlled hosting environment and thereby reducing the possibility of having problems with the local server.